In line with its announcement earlier this year, Petrixo plans to invest US$800mn into building the new Fujairah refinery, which will boast a total capacity of one million metric tons of biofuel per year.

Once completed, the refinery will occupy 460,000 sq m in the Fujairah free zone and the Port of Fujairah and will be the first commercial-scale renewable jet fuel production facility outside of North America.

Honeywell Green Jet Fuel, which is a blend of up to 50 per cent with petroleum-based jet fuel, can reduce greenhouse gas emissions by 65-95 per cent compared with petroleum-based fuels, according to Honeywell.

Additionally, Honeywell Green Diesel reportedly offers high energy density, as well as better performance over biodiesel and petroleum-based diesel.